Answer:
The opportunity cost of buying 1 more dress is 2 pairs of shoes
Explanation:
In the graph attached to this question below, it is seen that when Denasia purchases 3 dresses, he has 4 pairs of shoes. Now if he wants to purchase 1 more dress, he has to sacrifice 2 pairs of shoes.
Thus, the opportunity cost of buying 1 more dress is 2 pairs of shoes.
Note: Kindly find an attached image of the graph as a part of the solution to the question below.
The 3 main programs president Roosevelt established to help reconstruct the US economy were referred to as the "3 R's" and they include the following.
- Relief for the unemployed and for the poor
- Recovery of the economy back to normal levels,
- Reform of the financial system to prevent a repeat depression.
<h3>What was the New Deal?</h3>
The New Deal was a series of programs and projects which were originated by President Franklin D. Roosevelt during the Great Depression that aimed to restore prosperity to Americans by revamping the American economic system.
President Roosevelt upon ascension of office introduced the New deal which was swift way to stabilize the economy and provide jobs and relief to those who were suffering.
The three R's of the new deal are
- Relief for the unemployed and for the poor
- Recovery of the economy back to normal levels,
- Reform of the financial system to prevent a repeat depression.
The major accomplishments of the new deal was that it restored a sense of security as it put people back to work. It also provided the framework for a regulatory state that could protect the interests of all Americans, both rich and poor.
Learn more about the New Deal at brainly.com/question/936437
#SPJ1
Answer:
C. Underwriting experience.
Explanation:
Underwriters are known as evaluators in cases especially like that of mortgage etc, accessing the amount of risk that will involved in taking certain amount of loans. Therefore generally speaking, underwriting is simply explained as method through which an institution takes on financial risk for a fee. Risk of these such are mostly explained to be typically having dealings with loans, insurance, or investments. Certain contingencies are seen to helps to maintain certain borrowing policies for loans, establishes appropriate premiums to adequately cover the true cost of insuring policyholders, and creates a market for securities by accurately pricing investment risk.
Answer:
<h2>In this case,the correct answer is option b. or real output rose and price level fell.</h2>
Explanation:
GDP Deflator in Macroeconomics,shows the inflation or deflation rate in a country within the specific time period.Hence,it measures the changes in the average price level of goods and services in any country or economy over a particular period of time.It is mathematically calculated by dividing the nominal GDP of the country or economy by its real GDP.Now,a decrease in the nominal GDP relative to the real GDP or GDP deflator implies an deflationary impact or an increase in the average price level of goods and services in the economy and vise versa.Note that in this case both the nominal GDP and GDP deflator decreased from 2009 to 2010 which advocates that the price level in the economy fell(deflation) and the real output or GDP rose or increased due to deflationary impacts as reflected by the decline in GDP deflator.